1029 South Main Street, Woodstock, VA 22664

Proven Grocery Anchor

Food Lion has anchored Shenandoah Square for over four decades with consistently growing sales, a 2025 occupancy cost ratio of just 0.92%, and annual sales of approximately $724 PSF.

Value-Add Opportunity

7 of the center's 11 active tenants have no remaining renewal options, positioning future ownership to roll expiring leases to current market rents. Combined with the lease-up of the 6,500 SF vacancy, these dynamics underpin a projected 10-year CAGR of 4.76%.

National Credit Tenants

Beyond Food Lion, the center features four additional national and regional credit tenants — Bealls, Goodwill, Sherwin-Williams, and Anytime Fitness — several with tenures exceeding 15–18 years. This depth of long-tenured, recognizable tenants reduces rollover risk and signals strong trade area fundamentals to future ownership.

Strong Interstate Access

Located on S. Main Street and within one mile of I-81 (47,000 VPD), Shenandoah Square serves as the dominant retail node for Woodstock and the broader Shenandoah Valley corridor.

Healthcare-Adjacent Location

Shenandoah Square sits just half a mile from Shenandoah Memorial Hospital, a key demand driver for the surrounding trade area. Healthcare proximity insulates retail centers from e-commerce pressure and supports consistent daily traffic from hospital staff, patients, and visitors — providing a reliable customer base for every tenant in the center.